Global Prenatal Genetic Counselling Market
Market Size in USD Billion
CAGR :
%
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2022 –2029 |
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USD 1,208.66 Million |
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2,887.38 Million |
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Global Prenatal Genetic Counselling Market, By Type (Predictive Testing, Carrier Testing, Prenatal and Newborn Testing, Diagnostic Testing, Pharmacogenomic Testing, Others), Technology (Cytogenetic Testing, Biochemical Testing, Molecular Testing), Application (Chromosome Analysis, Genetic Disease Diagnosis, Cardiovascular Disease Diagnosis, Others) – Industry Trends and Forecast to 2029
Market Analysis and Size
The global prenatal genetic counselling market is estimated to increase rapidly over the forecast period. Historically, genetic counselling support services were mostly provided in settings such as indicated risk assessment and other prenatal/preconception segments and pediatric risk care. On the other hand, pharmacogenomics and diagnostic counselling services have become an important element of contemporary diagnostic and treatment practices, especially with the emergence of new companies in the genetic counselling industry. Hence, this will lead to the high demand for prenatal genetic counselling.
- Data Bridge Market Research analyses that the prenatal genetic counselling market valued USD 1,208.66 million in 2021 and is expected to reach USD 2,887.38 million by 2029, registering a CAGR of 11.5% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Market Definition
Genetic counselling is a type of communication that aims to help at-risk or affected individuals and families better understand the illness risks, method of transmission, and natural history of a genetic problem. In family planning and risk management services, the method also makes informed consent for genetic tests easier.
Report Metric |
Details |
Forecast Period |
2022 to 2029 |
Base Year |
2021 |
Historic Years |
2020 (Customizable to 2019 - 2014) |
Quantitative Units |
Revenue in USD Million, Volumes in Units, Pricing in USD |
Segments Covered |
Type (Predictive Testing, Carrier Testing, Prenatal and Newborn Testing, Diagnostic Testing, Pharmacogenomic Testing, Others), Technology (Cytogenetic Testing, Biochemical Testing, Molecular Testing), Application (Chromosome Analysis, Genetic Disease Diagnosis, Cardiovascular Disease Diagnosis, Others) |
Countries Covered |
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America. |
Market Players Covered |
Bio-Rad Laboratories, Inc. (US), Agilent Technologies, Inc., (US), Illumina, Inc. (US), Natera, Inc., (US), Cepheid (US), ELITechGroup (France), 23andMe, Inc., (US), GeneDx, Inc. (US), Ambry Genetics (US), Invitae Corporation (US), Abbott (US), Progenity, Inc. (US), PreventionGenetics (US), Myriad Genetics, Inc., (US) |
Prenatal Genetic Counselling Market Dynamics
Drivers
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Increasing adoption of inorganic growth strategies will drive the market's growth rate.
The rising adoption of inorganic growth strategies will act as major driver influencing the market's growth rate.
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Rising number of geriatric counselor's workforce
The rapidly rising number of geriatric lors' counsellors' workforce will further accelerate the demand for the prenatal genetic counselling market.
Additionally, the rising number of government initiatives to spread awareness among people will be a major driver influencing the prenatal genetic counselling market's growth rate. Another significant factor resulting in the expansion of market is the advancement of technology. Furthermore, surging healthcare spending capacity and advancement in healthcare infrastructure are the major drivers that will enhance the growth of market. Increasing demand of prenatal and preconception genetic support services will further influence the growth rate of prenatal genetic counselling market.
Opportunities
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Growth in R&D activities
The rise in the number of research and development activities and favourable government policies regarding healthcare infrastructure will benefit the growth of prenatal genetic counselling. Along with this, the introduction of new genetic counseling platforms to maximize productivity will enhance the market's growth rate.
Moreover, increasing government investments for the development of technology and a rising number of applications will further expand the prenatal genetic counselling market's growth rate in the future.
Restraints/Challenges
On the other hand, high cost required for research and development activities will obstruct the market growth. Also, limited reimbursement among major market providers and the dearth of awareness will pose a major challenge for prenatal genetic counselling market. However, emergence of unfavourable conditions due to COVID-19 outbreak and the lack of genetic counselors will act as restrain and further impede the growth rate of market during the forecast period of 2022-2029.
This prenatal genetic counselling market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the prenatal genetic counselling market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Prenatal Genetic Counselling Market
Since its emergence in December 2019, the COVID-19 virus has spread to nearly every country on the planet, prompting the World Health Organization (WHO) to declare it a public health emergency. COVID-19's effects are being felt worldwide, and the sperm analyzer systems market is significantly affected. Significant supply chain slowdowns, stock market volatility, decreasing corporate confidence, and rising panic have all been impacted by the COVID-19. As a result, the market for prenatal genetic counselling impacted negatively.
Global Prenatal Genetic Counselling Market Scope
The Prenatal genetic counselling market is segmented on the basis of type, technology and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Technology
- Cytogenetic Testing
- Biochemical Testing
- Molecular Testing
Based on technology, prenatal genetic counselling market is segmented into cytogenetic testing, biochemical testing and molecular testing.
Type
- Predictive Testing
- Carrier Testing
- Prenatal and Newborn Testing
- Diagnostic Testing
- Pharmacogenomic Testing
- Others
On the basis of type, prenatal genetic counselling market is segmented into predictive testing, carrier testing, prenatal and newborn testing, diagnostic testing, pharmacogenomic testing, others.
Application
- Chromosome Analysis
- Genetic Disease Diagnosis
- Cardiovascular Disease Diagnosis
- Others
Based on application, prenatal genetic counselling market is segmented into chromosome analysis, genetic disease diagnosis, cardiovascular disease diagnosis and others.
Prenatal Genetic Counselling Market Regional Analysis/Insights
The Prenatal genetic counselling market is analysed and market size insights and trends are provided by country, type, technology and application as referenced above.
The countries covered in the prenatal genetic counselling market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the prenatal genetic counselling market because of the growing adoption of advanced technology in this region. Additionally, favourable government policies will further enhance the market's growth rate in this region.
Asia-Pacific is expected to grow during the forecast period due to the presence of major market players in this region. Also, rising prevalence of government policies along with the growth of the economy will propel the market's growth rate in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The prenatal genetic counselling market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for prenatal genetic counselling market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the prenatal genetic counselling market. The data is available for historic period 2010-2020.
Competitive Landscape and Prenatal Genetic Counselling Market Share Analysis
The Prenatal genetic counselling market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to prenatal genetic counselling market.
Some of the major players operating in the prenatal genetic counselling market are Bio-Rad Laboratories, Inc. (US), Agilent Technologies, Inc.(US), Illumina, Inc. (US), Natera, Inc., (US), Cepheid (US), ELITechGroup (France), 23andMe, Inc. (US), GeneDx, Inc. (US), Ambry Genetics (US), Invitae Corporation (US), Abbott (US), Progenity, Inc. (US), PreventionGenetics (US), Myriad Genetics, Inc., (US), among others.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Customization Available
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